The second issue of Monetary Economics, the scientific and analytical journal of the National Bank of Georgia, has now been published.

This edition features articles authored both by employees of the National Bank of Georgia and by external contributors:

• Overcoming Hyperinflation and Macroeconomics Stabilization in Georgia: Preconditions for Introducing the Lari as a Full-Fledged National Currency
• The Role of Foreign Exchange Interventions in a Small Open Economy: The Case of Georgia
• The Formation of Interest Rates in Transition Economies: The Case of Georgia in the Context of its European Aspirations
• Geopolitical Fragmentation and the Composition of International Reserves
• Georgian Corporate Bond Market Liquidity and Retail Investor Participation

As is well known, 2025 marks the 30th anniversary of the introduction of the lari into circulation. The National Bank of Georgia renewed the publication of Monetary Economics as part of the anniversary year of the lari. The journal is designed as an academic resource for those interested in monetary policy, the banking and financial sector, financial technologies, and capital market development. It also provides an important platform for young scientists and researchers, fostering opportunities for meaningful and in-depth dialogue.

The next issue of Monetary Economics will be released in December this year. The editorial board welcomes submissions from external authors at: monetaryeconomics@nbg.gov.ge

The National Bank of Georgia’s first analytical journal, Bank, was founded 25 years ago. It was later followed by Economics and Banking. Today, the publication continues in a renewed bilingual and English under the title Monetary Economics.